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Gi Gi's Bakery Has Total Assets of $425 Million

Question 161

Multiple Choice

Gi Gi's Bakery has total assets of $425 million.Its total liabilities are $110 million.Its equity is $315 million.Calculate the debt ratio.

A) 38.6%.
B) 13.4%.
C) 34.9%.
D) 25.9%.
E) 14.9%.

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